Westar Energy CFO Sells $73,460 in Stock (WR)
Westar Energy (NYSE:WR) CFO Anthony D. Somma sold 2,000 shares of Westar Energy stock on the open market in a transaction dated Friday, August 29th. The shares were sold at an average price of $36.73, for a total value of $73,460.00. Following the transaction, the chief financial officer now directly owns 35,678 shares in the company, valued at approximately $1,310,453. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Westar Energy (NYSE:WR) traded up 0.46% during mid-day trading on Friday, hitting $36.93. 751,114 shares of the company’s stock traded hands. Westar Energy has a 52 week low of $29.79 and a 52 week high of $38.24. The stock has a 50-day moving average of $36.54 and a 200-day moving average of $35.70. The company has a market cap of $4.789 billion and a P/E ratio of 16.17.
Westar Energy (NYSE:WR) last released its earnings data on Wednesday, August 6th. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.51 by $0.06. The company had revenue of $457.82 million for the quarter, compared to the consensus estimate of $597.58 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts predict that Westar Energy will post $2.38 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Tuesday, September 9th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.81%.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Westar Energy in a research note on Wednesday, July 23rd. They now have a $41.00 price target on the stock, up previously from $37.00. Analysts at Argus raised their price target on shares of Westar Energy from $41.00 to $43.00 in a research note on Thursday, July 3rd. They now have a “buy” rating on the stock. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Westar Energy currently has an average rating of “Hold” and a consensus target price of $37.56.
Westar Energy, Inc (NYSE:WR) provides electric generation, transmission and distribution services to approximately 690,000 customers in Kansas.
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